The Trinidad and Tobago Stock Exchange ended trading on Wednesday, with the market rising after investors traded 43 percent fewer shares than on Tuesday, resulting in more stocks rising than falling.
The market closed with fifteen securities trading with the prices of six stocks advancing, three declining and six unchanged. The volume of stocks passing through the market amounted to 198,535 shares valued at $3,608,553 compared to 346,932 shares for $2,070,714 on Tuesday from 14 securities.
The average trade on Wednesday amounted to 13,236 shares at $240,570 versus an average of 24,781 stock units for $147,908 for each security. For the month to date, trading resulted in an average of 16,165 units for $216,950, compared to an average of 17,855 shares at $84,154 up to Tuesday, above the average for July of 12,712 shares for $166,390.
At the close of the market, the T&T Composite Index advanced 8.20 points to 1,324.97. The All T&T Index jumped 14.91 points to 1,792.08, while the Cross Listed Index added 0.19 points to 115.91.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and three with lower offers.
Stocks rising│ Guardian Holdings closed at $19.15, having picked up 15 cents in transferring 926 shares, Grace Kennedy finished 10 cents higher at $3.60 trading 18,610 stock units, National Flour gained 5 cents to close at $1.95, with 72,504 shares changing hands. Republic Financial Holdings climbed $5 to $141, with an exchange of 2,793 units, Scotiabank settled at $54.99, with gains of 9 cents and 3,752 stock units crossing the market and
West Indian Tobacco closed $4 higher at $39, in trading 36,652 shares.
Stocks declining│ CinemaOne lost 50 cents in trading a mere 10 shares to close at an all-time low of $5, First Caribbean International shed 5 cents to close at $7, in transferring 5,908 stock units and First Citizens Bank shed 9 cents to close at $47.90, with 210 units changing hands.
Stocks trading firm│ Angostura Holdings exchanged 647 units at $15.30, Clico Investments closed at $27.85, with a transfer of 39,143 shares, Massy Holdings traded 2,971 units at $58. NCB Financial finished at $7.86, with 13,230 stock units crossing the market, Point Lisas closed at $3.10, in exchanging 1,060 units and Trinidad & Tobago NGL traded 129 shares at $17.02.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The T&T Composite Index advanced by 2.31 points to 1,316.77. The All T&T Index gained 1.20 points to end at 1,777.17, while the Cross Listed Index rose 0.47 points to 115.72.
Stocks declining│ First Caribbean International lost 5 cents trading 458 units to finish at a 52 weeks’ low of $7.05 and First Citizens Bank closed at $47.99 after losing 36 cents and exchanging 15 units.
Stock declining| Trinidad & Tobago NGL lost 23 cents and ended at $17.02 in exchanging 1,457 shares.
Calypso Macro Investment Fund fell 50 cents to close at $14 in trading 1,607 units.
The market closed with, the Composite Index declined by 4.27 points to close at 1,319.13, the All T&T Index declined by 6.06 points to close at 1,782.95 and the Cross Listed Index declined by 0.33 points to close at 115.56. Trading ended with an exchange of 242,783 shares for $2,867,044 compared to 164,986 units at $4,264,493 on Tuesday.
Firm Traders| Agostini’s ended at $24.50 after exchanging 63 stock units, Calypso Macro Investment Fund ended at $14.50, finishing with 1,247 units changing hands. Clico Investment Fund ended at $25 with investors switching ownership of 40 stock units, First Citizens Bank ended at $49 with 2,641 units crossing the market. Grace Kennedy closed at $3.40 with of 5,000 shares changing hands, Massy Holdings closed at $57.90 in trading 671 stock units, National Flour Mills remained at $1.80 after exchanging 3,400 shares. Republic Financial Holdings stayed at $139.47 with an exchange of 3,692 shares, Unilever Caribbean ended at $16.90, with investors swapping 793 stock units and West Indian Tobacco settled at $35 after exchanging 5,783 stock units.
Trinidad & Tobago NGL advanced by 29 cents to settle at $16.85 with investors swapping 753 shares.
Market activity ended 439,536 shares valued at $5,553,342 passing through the market, compared to 432,782 shares for $3,520,958 on Monday.
Scotiabank slid 35 cents to $54.60, with an exchange of 29 units and West Indian Tobacco closed at $34.10, with a loss of 40 cents and 621 units changing hands.
Firm Trades│ Agostini’s remained at $25 with trades of a mere five units, First Citizens Bank held firm at $45.71, in exchanging 2,816 shares, Guardian Holdings closed at $19.50, with 4,079 stock units crossing the market. JMMB Group was unchanged at $1.95 after investors transferred 500 units, Massy Holdings closed at $57, with an exchange of 5,976 stock units, NCB Financial traded 1,910 shares at $7.86. Trinidad Cement closed with an exchange of 418 units at $2.10, Unilever Caribbean closed at $16.99, with 119,728 shares changing hands and West Indian Tobacco ended with trades of 1,006 units at $34.50.
First Caribbean International shed 5 cents in trading 300 units to settle at $7.15, National Flour closed at $1.80, with a loss of 2 cents transferring 1,552 stock units and Scotiabank finished 39 cents lower at $54.60 with of 25 units changing hands.
JMMB Group was unchanged at $1.95 with 26,106 stock units changing hands, Massy Holdings ended at $57, after the trading of 4,795 units. National Enterprises traded 5,000 units at $4.65, One Caribbean Media closed at $5.50, with investors having exchanged 24,806 stock units, investors exchanged